What is OmiseGO & How To Set up Exodus Wallet for OmiseGO

OmiseGo is a company whose aim is to make the spending of digital currency very easy and quick.

OmiseGo is built and connected to Ethereum mainnet . Omisego is supported by the creator of Ethereum himself Vitalik Buterin, Joseph Poon (co-author of lightning network) and Roger Ver (CEO of bitcoin.com) etc :these guys are advisors to OmiseGo.

With OmiseGo you can go to a coffee shop, a restaurant or hotel and pay for the services you receive with any currency from OmiseGo SDK wallet, instead of logging into one wallet or the other to pay with cryptocurrency, you can spend any cryptocurrency from one wallet (OmiseGo SDK ) .

currently the SDK wallet for OMG (omisego) is not yet out , so the best place to store this coin right now is definitely not on exchanges but in a wallet that you have acces to your private keys and i will recommend EXODUS WALLET

What is exodus wallet ?

Exodus is a desktop multi wallet that can be used to store bitcoin,ethereum, argur ,decreed, eos ,salt, litecoin,Banccor BAt, 0x,Civic Dash, Decreed, eos,egdeless, bat ,litecoin omg etc

Exodus is also integrated with shapeshift: a platform that helps you change one crypto to another without the need of an exchange like bittrext or binance.

Exodus security

On Exodus, your funds are kept secured because you have your private keys, not Exodus.

your assets on exodus are stored on your computer , you don't need to trust a third-party for the safety of your assets.

Your password on exodus cannot be recovered , so do well to use password you can easily remember after backing up your account.

Transaction fees on Exodus

exodus is free to use wallet , but each cryptocurrecy network on exodus has their own fee which of course will be shown on exodus. exodus has no additional fees for their services.

Requirements for using Exodus wallet

exodus wallets runs on windows 64bit and MacOS so all you need is;

1. A good laptop
2. Good internet
3. Good antivirus

Difficulty:

This tutorial is considered to be intermediate and easy for anyone to read/watch and understand. just read the write up and watch the video and your wallet will be up in no time.

Video Tutorial

In this Video tutorial i did a little calculation explaining how much gain you would have made if only you invested just $100 into buying omisego last year (2017), according to my calculations, $100 into omisego would have given you well over $3000 by bow, if and only if you didn't sell off.

i also gave a run down on how to use exodus wallet and where to buy omisego

Click here to buy omisego from binance

thanks for reading

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Posted on Utopian.io - Rewarding Open Source Contributors

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